The Galileo review brings us once more to Dual Momentum time. Later in the morning I’ll update prices as the information below is through 9/8/2020. No changes are recommended unless 9/9/2020 prices make a difference.
Galileo Investment Quiver
Here we have a basic Dual Momentum investment quiver, although I have added TLT and LQD as additional non-equity options in addition to AGG.
Galileo Dual Momentum Recommendation
Using the DM model, the recommendation is to continue to hold 100% of the portfolio in U.S. Equities. As I write this I see where futures are up this morning after a three-day slide. That is a clue that no changes will take place in the Galileo.
Galileo Performance Data
The following data runs from 4/30/2017 through 9/8/2020. April of 2017 is the earliest I have IAM data with exception of one portfolio.
The Galileo continues to hold a commanding lead over the VTHRX benchmark.
Galileo Risk Ratios
Jensen’s Alpha is holding even. The Sortino Ratio dropped recently due to the latest three-day selloff. What is encouraging is to see all risk values in positive territory.
The Galileo will now go into “neglect” mode until the October review.